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Part 7: Securities Fraud: When "good" Investments Disappear
The nest egg stories Cases of investment and securities fraud come in many sizes. It is hard not to feel for middle aged and older individuals who have seen their life savings and pension investments shrivel or disappear while under the supposedly watchful eye of some third party.

Latest Lawsuit News & Legal Information

Uber Steering around AB40
San Fransicso In an effort to steer its way around the definition of independent contractor and avoid regulation under Assembly Bill 5 and the California labor law, Uber is re-introducing features it once considered untenable.

More 3M Earplug Lawsuits Filed by Veterans Nationwide
Santa Clara From Minnesota to Texas to California, about 2,000 defective earplug lawsuits made by the 3M company and Aero Technologies (bought by 3M) have been filed by U.S. veterans, many of whom suffer tinnitus and permanent hearing loss. These lawsuits have been pouring in since 3M agreed in the summer of 2018 to pay U.S. military branches $9.1 million to settle government allegations that the Maplewood-based company supplied defective earplugs.

Ninth Circuit Affirms $54.6 Wage Award for Walmart Truckers
San Francisco, CA On January 6, the Ninth Circuit affirmed a $54.6 million jury award for Wal-mart's truck drivers under the provisions of California labor law. Wal-mart had challenged the 2016 District Court decision in Ridgeway v. Walmart, Inc. on a variety of grounds, including lack of jurisdiction, the certification of a class of similarly situated plaintiffs and the applicability of the Federal Aviation Administration Authorization Act of 1994.

New Research: Brief Heat Exposure Increases Zantac Cancer Odds
Washington, DC Emery Pharma, a California-based testing laboratory has reported that Zantac appears to produce unacceptably high levels of cancer-causing N-Nitrosodimethylamine (NDMA) when exposed to heat for as little as five days. Brief periods of modestly inadequate temperature control can easily occur during transport, storage or even in consumer’s home. These findings have sparked new calls for a U.S. Food and Drug Administration recall of Zantac and related generic drugs and will likely fuel class action Zantac cancer lawsuits (ZANTAC) already underway.

U.S. Supreme Court to Hear Oral Arguments in ERISA Breach of Fiduciary Duty Lawsuit
Washington, DC On January 13, the U.S. Supreme Court will hear oral arguments in Thole v. U.S. Bank, NA, an ERISA lawsuit (ERISA) that has major implications for the rights of participants and beneficiaries to sue plan sponsors under the basic legal framework of ERISA. The defendant plan sponsor will argue that the plaintiff retirees have no standing to sue over alleged breaches of fiduciary duty because they have not suffered any individual financial loss. The defendant plan sponsor will ask the Court to affirm an Eighth Circuit decision that limits participants’ rights to oversee investment management decisions.

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